Leclaireur

DXY - Weekly - Diamond bottom pattern

Long
INDEX:DXY   US DOLLAR CURRENCY INDEX
0
Same kind of diamond bottom as in 1997 before it reached ultimate highs. Interesting times.

EMA 2 tells us if the very short term trend is holding.
EMA 36 is often a point of resistance in a bear trend and a point of support in a bullish trend
EMA 60 gives us the overall trend and can be used to sustain a longer bear or bull position when
trend is keeping pace.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.